Journyx Guides Customers To Per-Person, Per-Project Profitability With Launch Of P5 Protocol

Press Room
Journyx Guides Customers To Per-Person, Per-Project Profitability With Launch Of P5 Protocol

AUSTIN, TEXAS (November 7, 2006) — Journyx, the first company to provide web-based time-tracking and project accounting solutions, today launches the Journyx P5 Protocol™ – a proprietary process that enables customers to achieve per-person, per-project profitability.

The P5 Protocol uses Journyx technological solutions to help companies identify profit opportunities along the per-person/per-project continuum, as well as gather and analyze time and project management data. This information is then used to increase productivity, aid hiring and retention, and improve the quality of work while positively impacting profitability.

The P5 process guides companies through a series of steps toward improving profitability, with companies first identifying where they currently are on the continuum:

Chaos – Overcommitted, processes abandoned in crisis, can't repeat past success.
Transition – Track project labor hours on all projects; basic costs/schedules visible to management.
Structure – Track time/rates and expenses on all projects; complete direct costs known.
System – Allocate indirect costs.
Order – Integrated with CRM or accounting systems (also known as time-tracking nirvana).

Once companies determine where they currently are on the continuum, they can begin to improve their per-person, per-project profitability by using time-tracking data to identify profit opportunities.

"Journyx is driven to provide our customers with significant value at every point along the way because we believe your business and your money are too valuable to use difficult, over-priced enterprise software," said Journyx CEO Curt Finch. "The Journyx P5 Protocol allows customers to see where they are, where they need to go, and understand how to get there."

About Journyx Timesheet

Journyx Timesheet is a timesheet and expense management solution for the entire enterprise. Organizations can automate management of employee timesheets and expenses for project control, customer invoicing, and payroll processing with Journyx Timesheet. Journyx offers patented technological solutions-- not just generic tools-- that are flexible and adaptable across five platforms and multiple projects, in order to help companies identify profit opportunities along the per-person, per-project continuum.

About Journyx, Inc.

As the creator of the Web-based time tracking industry, Journyx carves out its own path, while guiding customers to their goals and destinations. Journyx helps customers reach the highest levels of profitability by automating labor-intensive, paper-based processes with a superior, Web-based solution. Founded in 1996, Journyx is the first and only company to establish Per Person/Per Project Profitability (P5), a proprietary process that enables customers to gather and analyze information to discover profit opportunities. Journyx has thousands of customers worldwide, including American Airlines, Bayer, BlueCross BlueShield, AC Nielsen, L'Oreal, Symantec, The Discovery Channel, Schlumberger, Capstone Turbine and many others. Journyx solutions are available both on an application service provider (ASP) and a standard license basis. For more information, go to http://pr.journyx.com or contact Journyx at (512) 834-8888 or info@journyx.com. For more information on the P5 Protocol, go to journyx.com/products/p5.html.